June 25 14, 2012 -- An Austrian firm has come up what it hopes is the next big thing for the mega-rich: a man-made, floating "island" with a list price of 5.2 million euros ($6.5 million), the company's founder told AFP Monday.

Measuring 20 by 37 meters (66 by 121 feet), the "Orsos Island" has no engine but can be anchored anywhere its owners choose and then towed to another location the other side of the world if they so wish, Hungarian-born Gabor Orsos said.